Aljian Capital Management LLC Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aljian Capital Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,335 shares of the credit services provider's stock, valued at approximately $572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Mizuho Securities USA LLC raised its stake in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the period. Primecap Management Co. CA grew its stake in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider's stock valued at $287,043,000 after buying an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC raised its holdings in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock valued at $493,907,000 after acquiring an additional 1,866,925 shares during the period. International Assets Investment Management LLC lifted its position in shares of PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock worth $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of PayPal by 139.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider's stock worth $120,492,000 after acquiring an additional 899,476 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of analyst reports. Jefferies Financial Group decreased their price objective on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a "hold" rating in a research note on Wednesday, July 31st. William Blair upgraded shares of PayPal to a "hold" rating in a research note on Tuesday, July 30th. Finally, Barclays upped their price target on shares of PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.45.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $1.16 during midday trading on Monday, hitting $84.67. 10,122,264 shares of the stock traded hands, compared to its average volume of 13,458,351. The firm has a market capitalization of $84.88 billion, a P/E ratio of 20.21, a PEG ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average of $79.17 and a two-hundred day moving average of $69.16. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.